Flashcards in Real Estate and Mortgages - Chapter 12 Deck (10):
1
Baby Step 6
-Pay off your home _____.
Early
2
When selling a home, you should think like a _____.
Retailer
3
Home ownership is a great investment for three main reasons.
1.) It's a _____ savings plan
2.) It's an _____ hedge.
3.) It grows virtually _____.
Forced - Inflation - Tax-free
4
Homes appreciate in good neighborhoods and are priced based on three things: _____, _____, ______.
Location - Location - Location
5
What Not To Buy
1.) _____ or _____
2.) _____
Trailers - Mobile Homes
TimeShares
6
First remember to _____ debt.
Hate
7
The best mortgages are the _____ down plan.
100%
8
There is nothing wrong with _____ for a little while. This demonstrates _____ and wisdom.
Renting - Patience
9
Horrible Mortgage Options
1.) _____ were brought on with the advent of high-interest rates in the early 1980's.
2.) _____ Mortgages
3.) _____, or Bi-Weekly Payoff
Adjustable Rate Mortgages
Reverse
Accelerated
10